Nigeria’s gross government revenues
rose for the second consecutive
month in June to 485.95 billion naira
($2.44 billion), up 33 per cent from
May, the finance ministry said.
The total for distribution to the three
tiers of government was 518.542
billion naira including a 6.33 billion
refund by the state oil company,
value added tax of 64.99 billion naira
and an exchange rate gain of 6.69
billion naira.
The balance of the Excess Crude
Account stood at $2.207 billion, up
from $2.078 billion on June 23.
Some business analysts have
attributed the revenue increase to
President Muhammadu Buhari’s anti-
corruption drive which is geared at
blocking leakages particularly in the
oil sector.
Buhari is optimistic that the most
populous black nation can recover
some of its stolen funds that have
put in foreign accounts across the
globe.
In a recent state visit to the United
States, he got assurances from the US
government led by President Barack
Obama that Nigeria will recover
monies stolen by politicians and
public office holders.

http://www.pmnewsnigeria.com/2015/07/28/buharism-nigerias-revenue-rises-for-second-consecutive-month/

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